Income falls slightly for ExtraCare

The ExtraCare Charitable Trust results for the year ending 31 March 2012 showed a slight fall in income for the charity. Total income was reported as £55.4m compared to £60.7m in 2012 and net income dropped to £3.7m following a £12.1m sales boost in 2011. The Trust said in the report that the high net income for 2011 was due to a high number of sales at its New Oscott village in Birmingham. ExtraCare’s chief executive, Nick Abbey said: The reduction year-on-year in our surpluses and turnover is entirely due to the timing of sales at our new villages. The underlying trends in operations are rising despite a tough market and are above where we hoped to be. Speed of sales for our new Shenley Wood village (Milton Keynes), completed at the end of 2011/12 has beaten all our previous records with all 137 first phase homes reserved at handover and now all sold.’

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